NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
December 22, 2008

U. S. Gold Appealing, Collector Coins Waver
Trading activity has slowed to a moderate pace as 2008 comes to a close. Most dealers and collectors are thinking about the FUN Show in early January and all their focus is aimed toward the new year. However, bullion coins are still in strong demand so premiums remain higher than normal. In this week’s HD Wholesale Market Dealer Price Guide generic Gold is very strong, especially for $5, $10, and $20 Gold Liberties. The Wholesale Market has increased for nearly all grades from Fine to MS60. Even the $10 Indians and the $20 Saints have jumped considerably. Demand is well ahead of available supplies.

In other series, advances are noted for specific rarities. Early Bust Halves are steady to higher for dates prior to 1825. Collectors want coins with eye appeal and are willing to pay premiums for the coins they really like. Bust Halves after 1825 are readily available in grades Very Good to AU50 and discounts have been recorded. There are several advances for Barber Halves in Mint State, however, Walkers indicate a high number of declines in MS63 to MS66 grades.

Overall, the market appears indecisive while dealers and collectors wait for near-term direction.